21 May 2012
Capita acquires Medicals Direct
Capita plc (`Capita') announces that it has acquired Medicals Direct Holdings
Limited (`MDG'), a provider of medical screening services, for £13.2m, on a
cash free-debt free basis, and a deferred consideration, linked to profit
performance, of up to £2m.
MDG made a pro forma operating profit of £2.25m on turnover of £18.6m for the
year to 31 December 2011.
Commenting on the deal, Capita plc Chief Executive, Paul Pindar, said: "MDG
provides more than 150,000 medical screenings every year, primarily to the life
and pensions sector. The acquisition adds new capabilities to Capita by, for
example, allowing Capita to enter the home-based screening market. This
investment works well with our existing portfolio of clinic and mobile unit
screening services, aligns our health proposition with Capita's existing life
and pensions business and adds important new capability to large scale
contracts we may be targeting in the wider private and public sectors."
MDG has around 180 employees across 6 offices.
For further information:
Tel: 020 7799 1525
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Capita press office
Tel: 0207 654 2152 or 020 7654 2399 (out of hours)
Notes to editors
Capita plc is the UK's leading provider of BPO and integrated professional
support service solutions. With 46,500 people at more than 350 sites, including
68 specialist business centres across Europe and India, the Group uses its
expertise, infrastructure and scale benefits to transform its clients'
services, driving down costs and adding value. Capita is quoted on the London
Stock Exchange (CPI.L), and is a constituent of the FTSE 100 with 2011 turnover
of £2.9 billion and profit before tax of £385 million. Further information on
Capita plc can be found at: http://www.capita.co.uk
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